Clear Channel deal looking clearer

San Antonio-based radio broadcaster Clear Channel Communications Inc. said the bank syndicate financing its $17.9 billion takeover deal has fully funded the transaction.

Clear Channel reached a deal 18 months ago to be taken private by equity funds Thomas H. Lee Partners and Bain Capital. However, the deal nearly ended up on the rocks after court battles erupted over how the banks would fund the deal.

Earlier this month, Clear Channel, its buyers and banks reached an agreement to lower the sale price and settle the lawsuits.